COLLEGE ACCT.,CH.1-15-CENGAGENOW(2TERM)
23rd Edition
ISBN: 9781337913393
Author: HEINTZ
Publisher: CENGAGE L
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Chapter 19, Problem 4SEA
1.
To determine
Prepare journal entries for admitting Partner DB and Partner T in to the
2.
To determine
Calculate the ending capital balances of all four partners after the transaction.
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Subject:- General Account
Financial Account
Subject:- General Account
Data for a firm's first year of operation is given below.
The firm uses direct costing:
Units produced (no work in process) 6,000
Units sold 5,000 units in ending inventory of finished goods 1,000
Sales price for each unit $75
Variable manufacturing costs for each unit manufactured $30
Variable selling and admin. expenses for each unit sold $16
Fixed manufacturing costs for the year $90,000
Fixed selling and admin. expenses for the year $65,000
The costs of the goods sold for the year is:
a) $270,000
b) $225,000
c) $150,000
d) $45,000
Chapter 19 Solutions
COLLEGE ACCT.,CH.1-15-CENGAGENOW(2TERM)
Ch. 19 - Prob. 1TFCh. 19 - Prob. 2TFCh. 19 - Prob. 3TFCh. 19 - Prob. 4TFCh. 19 - Prob. 5TFCh. 19 - Prob. 1MCCh. 19 - Prob. 2MCCh. 19 - Prob. 3MCCh. 19 - Prob. 4MCCh. 19 - Prob. 5MC
Ch. 19 - Prob. 1CECh. 19 - Prob. 2CECh. 19 - Prob. 3CECh. 19 - Prob. 4CECh. 19 - Prob. 5CECh. 19 - Prob. 1RQCh. 19 - Prob. 2RQCh. 19 - Prob. 3RQCh. 19 - Prob. 4RQCh. 19 - Prob. 5RQCh. 19 - Prob. 6RQCh. 19 - Prob. 7RQCh. 19 - Prob. 8RQCh. 19 - Prob. 9RQCh. 19 - Prob. 1SEACh. 19 - Prob. 2SEACh. 19 - Prob. 3SEACh. 19 - Prob. 4SEACh. 19 - ENTRIES: PARTNERSHIP LIQUIDATION On liquidation of...Ch. 19 - Prob. 6SPACh. 19 - Prob. 7SPACh. 19 - Prob. 8SPACh. 19 - Prob. 9SPACh. 19 - STATEMENT OF PARTNER SHIP LIQUIDATION WITH LOSS...Ch. 19 - Prob. 1SEBCh. 19 - Prob. 2SEBCh. 19 - Prob. 3SEBCh. 19 - Prob. 4SEBCh. 19 - Prob. 5SEBCh. 19 - Prob. 6SPBCh. 19 - Prob. 7SPBCh. 19 - ENTRIES FOR DISSOLUTION OF PARTNERSHIP Cummings...Ch. 19 - Prob. 9SPBCh. 19 - STATEMENT OF PARTNER SHIP LIQUIDATION WITH LOSS...Ch. 19 - Prob. 1MYWCh. 19 - Prob. 1ECCh. 19 - Prob. 1MPCh. 19 - Prob. 1CPCh. 19 - Prob. 1COP
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